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rupert murdoch with tough questions later today, outraged over a string of allegations reporters for the paper hacked mobile phones to get scoops. murdoch's apologized. much more on the story justice ahead on "world business today." one of the first journal itss who exposed phone hacking by "news of the world" has been found dead. sean ward said andy coulson hacked into phones. police are not treating the death as suspicious. >>> a u.s. official says a meeting between the u.s. and libya at the weekend was meant to deliver one message, that moammar gadhafi must go. libya called the face-to-face talks in tunisia a first step. the u.s. says the meeting was a one-off event. >>> the women's world cup team soaked up the limelight after bringing japan its first cup title. japan's the first asian nation with a world cup championship. those are the headlines. auto' jane verjee at cnn in london. "world business today" starts now. >> a very good afternoon to you from cnn hong kong, i'm alicia tank. >> good morning from cnn london. you're watching "world business today." time to testify, new
.k. phone hacking scandal. i'm kiran chetry. in just hours, rupert murdoch will face parliament. we're live in london. >> no break in the debt ceiling talks but the white house insists that backstage progress is being made to reach a deal before the august 2nd default deadline on this "american morning." >>> good morning to you. thank you for being with us. 6:00 a.m. in new york this morning. tuesday, july 19th. i was hearing that in parts of iowa the heat index felt like 130 yesterday. it's been brutal out there. >> even this morning on the east coast, it felt different. it felt hotter. we'll be covering that. >>> we're watching that and millions are watching with a worldwide media empire hanging in the balance rupert murdoch is just hours away from facing his defining moment. in less than four hours, murdoch, his son and former top newspaper executive will appear before the british parliament. >> they will be asked what they knew about this phone hacking scandal that's growing wider by the day. it's threatening to take down news corp and perhaps murdoch himself. >> and the question is wha
finance and criminal allegations, the whirlwinds rocking rupert murdoch's mighty mediame empire. >>> markets in europe are deep in the red on heels of steep markets across asia. how are things moving where you are? >> down, a third session of losses and quite heavy ones. let's check in with the markets. really quite heavy, off by more than 2%, comfortably more than 2%, and with the paris and zurich off by 2.1%, zurich off by more than 2.1% and the same theme as we saw in monday's session which is the banks very heavily being sold at the moment heavily, there is clearing great deal of worry about the contagion spreading to italy about this moving into a generalized crisis with a lot of banks really coming under pressure with non-performing government bonds on their books, and just one other theme, thomas cook is down on a profit warning, but really the whole worry about italy's finances very much putting all of that in state and look at that on the milan stock exchange we're looking at a punishing session off by 4.25%. let's move on to the currency markets not surprisingly we're
, you're a rupert murdoch customer. the murdochs both father and son have their work cut out for them. >> they have two different things in their testimony tomorrow. they got acknowledge responsibility. they have to say that what is completely obvious is that this wasn't abe ration, it was apparently thousands of people who were hacked and the idea they didn't know is propest rous. at the some time, they can't con fes to crimes. >> another twist a former news of the world reporter a man who blew the whistle has been found dead in his home. one of the first to go on the record saying that his colleagues were encouraged to hack. the death is being treated as unexplained but not suspicious. the hacker group hit the sun, a murdoch paper, it posted fake articles and now some hackers saying they're sitting on news of the world e-mails. >>> two weeks until america runs out of money to pay its bill. just under half of the americans have confidence that president obama will hado the right thing. they're lingering between 25 and 35%. you can see president obama at less than half. 45% is higher
relationship with rupert murdoch's media empire. >> go to used of parliament this morning. fireworks yesterday. the consensus, though, is david cameron is not likely to lose his job over this but that he's under enormous pressure right now. >> reporter: he's definitely is. he's got a lot to defend himself today. basically, this is a special day in parliament. they were supposed to go into summer recess but instead they are having this special address by the prime minister here. he's really going to try to prove a point here, that he's is going to underline the phone hacking scandal, say this is how i dealt with it and now we need to move on. here is how he put it when he was in africa for a trip. >> i don't underestimate the problem. parts of the immediate okay dreadful, illegal acts. police have questionses to answer about corruption and a failed investigation. politicians have been too close to media onus. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arr
of these -- it came clear from the first couple of questions to you, rupert murdoch, that you've been kept in the dark quite a bit on some of these. is there no -- >> nobody kept me in the dark. i may have been lax in not asking more, but it was such a tiny part of our business. >> i understand that. obviously, it has come to that point, you wouldn't be here if it wasn't extremely serious. >> i'm extremely serious. >> is there no written rules that certain things have to be reported straight to the very t top? >> yes. anything that's seen as a crisis comes to me. >> mr. cain, may i? i think it's important to know there's a difference between being kept in a dark and a company that's a large company, the management of which is delegated to managers of different companies within the group and so on and so forth. i think to suggest that my father or myself were kept in the dark is a different thing from saying that actually the management and the running of these businesses is often delegated either to the chief executive of a different company or an editor or managing editor and decision-making has to b
-out quarter. >>> media mogul rupert murdoch and his son faced certain questions from uk legislators. now the phone hacking saga rolls on with a new parliamentary report saying murdoch's news international, quote, deliberately tried to obstruct a police investigation into the now defunct "news of the world". in the meantime, prime minister david cameron is getting ready to make an emergency statement on this crisis after flying back early from a trade trip to south africa. >>> many of us here in hong kong watched that testimony and we stayed up pretty late to watch it. rupert murdoch denied any knowledge of phone hacking at the "news of the world," but it was his son james who actually did most of the talking, intervening when his father seemed at a loss for words. it was murdoch's wife wendy who intervened in a very different way. dan rivers has the details for us. >> i would just like to say one sentence. this is the most humble day of my life. >> reporter: this was how rupert murdoch started. despite his apparent contrition, he surely had no idea what was about to literally hit him. wh
on either side of rupert murdoch. the pressure is rising on the media mogul. it was britain's worst peacetime act of terrorism. but now, there are concerns that families of those killed on 7/7, in 2005, were also eavesdropped upon by the british tabloid, "news of the world." graham lost his son, david, in the attack. and says his phone may have been hacked by reporters. >> the thought that somebody may have been listening to me begging for david to phone home. i thought we were in a dark place and i didn't think anybody could make it darker. but i'm proved wrong. >> reporter: the phone hacking scandal is so shocking, it's prompted an emergency debate in britain's parliament. >> it's make the public. and i feel so appalled by what's happened. murder victims, terrorist victims, who had their phones hacked. that's why there's a full police investigation, with all of the powers they need. we have the inquiries to get to the bottom of what went wrong. >> reporter: it's put former "news of the world" editor, rebecca brooks under incredible pressure. he's now chief executive of the parent
on the right with rupert murdoch on the left. she could be questioned by police today. les hinton told investigators in 2007 that the firm hiking was limited to one reporter. news internation nal said that that conclusion was based on an examination of 2,500 e-mails. but the shocking resch lagss continued to pile up and i suppose the rest is history and now media mogul rupert murdoch has flown no to take part in what is just a mench. he's trying to save the takeover of his british sky broadcasting known as b sky b. it does have the backing of news corps. despite that monday's independence says the deal appears, quote, dead in the water, pauline. >> well, charles, let's take a look at how all of this has affected the stock. it's dented news corps shares. it was one of the worst performing stocks on the sydney today, down 5.1%. at the close on this monday, it was selling at 15 aussie dollars. with the deal in question, it could slide even further. charles? >> don has been following this saga and joins us outside the house of commons. dan, what is the mood. is there a mood to stifle this
, july 8th. news corp boss rupert murdoch folds his tabloid. >>> shuttle "atlantis" files up for one final foray. >>> and harry potter fans unite for one last wave of the wand. >>> it's the end of the "news of the world." that shamed british sunday newspaper is shutting down. after this weekend's edition and 168 years of history, the last edition of the "news of the world" will have rolled off the printing presses. >> now, as outrage spread from the public to the politicians and finally to the advertisers, rupert murdoch took decisive action. his son, james, announced the paper would close after this coming weekend and that all the staff would be out of a job. james, of course, is the chairman of news international. he posted his statement online for all to see. the key line in that statement, the news of the world is in the business of holding others to account, but it failed when it came to itself. charles? >> it appears that failure could lead to the arrest of this man. former editor andy coorson. reporting suggest that he is supposed to turn himself over this morning in the phone
that brought down -- that is bringing down parts of rupert murdoch's news empire. i'll get you more on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. b
the "news of the world" hacking scandal is the talk of the nation. both political parties say rupert murdoch should drop his bid to buy a major satellite broadcaster. prime minsters david cameron wants an inquiry. they've called for murdoch, his son james and a former editor of the newspaper to testify before parliament this week. >> there are an awful lot of questions as to why this continued for so long, who authorized it, the extent of the activity, not just now, but also, we understand in other international newspapers, possibly even wider. there are an awful lot of questions that have to be addressed. >>> the scandal has torpedoed shares in murdoch's company. news corp's shares are down 14% since july 4th. >>> police in florida arrested a plan they think shot and killed a priest. apparently the suspect made the manhunt pretty seize zi. jeremy mariani gunned down the priest at a beach house in mississippi, stole the money and the car and took the family to disney world. the s.w.a.t. team nabbed him outside of world. >>> quickly, let's talk about the alleged tucson gunman, loughner. a fe
. >>> media baron rupert murdoch has abandoned his attempt to take over bskyb. it was dropped after all the parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch's media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he's 4 surgery. >>> those are the headlines. those are the headlines in cnn in london. "world business today" starts now. >>> very good morning to you from cnn rome. >> and good afternoon from cnn hong kong. i'm pauline chu and this is "world business today." these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there's a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. >>> meanwhile, italy races to push through austerity measures and restore confidence in the country's economy. >>> plus, rup
media scandals straight, please? >> if you blinked today, you'd miss something. if rupert murdoch thought getting to the weekend and closing down the news of the world the sunday tabloid read by about 5 million people in this country was going to draw a line in this scandal, he was sorrily mistaken. news today that the prime minister, the former prime minister, gordon brown, may have had information by reporters not from the news of the world, in fact, but from another paper in the same stable of newspapers, that is the news international family. i've just got a tweet from -- from his wife, sara, who said so sad to learn all i am about my family's privacy. it's very personal and really hurt if it's all true. now, the allegations are that reporters from the sunday times newspaper may have tried to get information from his accountants and his banks and tried to get medical records on one of his sons who sadly has cystic fibrosis. really a quite dreadful and scandalous part of a big scandal. wasn't just the biggest guy out there today who may be a victim of this targeting. charles an
an extraordinary grilling. rupert murdoch will come face-to-face with outraged members of the britt parliament. they are supposed to hammer him and his allies on a empire destroying jobs and careers and now raising new questions about his company's conduct right here in the united states. bribery, hacking, corruption of power. lawmakers say the allegations are not about just sleazy journalism, about the power of an empire that has gone largely unchallenged, before now. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. thanks for joining us. >>> here are other stories we will take a look. another step in the nation's debt crisis but not any closer to a final deal. the house will vote on a republican measure but the president says he won't even consider it. the government deadline remains august 2nd before it runs out of money. >>> the space shuttle "atlantis" on its way home. this morning, it did undock from the international space station and began the final voyage in the program's 30-year-old history. >>> now back to the murdoch media scandal and the players who will appear be
.m. on the west coast. i'm kyra phillips. thanks for joining us. >>> rupert murdoch facing new allegations of slesing reporting tactics. two more of his newspapers engulfed in scandal. live images now as two crew members from the international space station begin a lengthy list of chores. >>> cia plot revealed in the chase of osama bin laden. we will tell you about the fake vaccination drive to collect dna samples. >>> we begin this morning with the most powerful media empirs in the world rocked by a scandal that grows deeper and wider. two more of rupert murdoch's newspapers in great britain now face their own accusations of appallinging wrong doing. their report target no less than the royal family and a former prime minister. in fact, gordon brown says the paper had links to criminals in order to hack into his bank accounts. and the medical records of his seriously ill son. meanwhile, members of parliament are demanding tough answers from police. how do they not uncover a hacking conspiracy that could mushroom to thousands of victims? let's get the latest from rivers live in london. the
. they can't force rupert and james murdoch to appear but they can force rebecca brooks to appear. if she continues to refuse to respond, issue a summons to her, they receiptcally they could send their security apparatus of the house behind me down to actually force her, you know, arrest her effectively to come along. >> all right. dan rivers for us. thanks so much. we will continue to follow this, of course, every day, new development and more troubling development. >>> still to come this morning, high ask dry. first lost their paychecks and now there may not be any beer to help pass the time during the government shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hote
:00 am out west. british tabloid news of the world should down, owner rupert murdoch, the murder victim's family, says has not apologized. >>> urgent talks on how to slash spending head back to the table today. >>> we begin with more stunning allegations against british tabloid "news of the world." "the daily mirror" is reporting that staffers with the now defunct paper tried to hack into the phones of 9/11 victims. owner rupertmurdoch arrived in london. zain verjee has all the details. >> british tabloid "the mirror" is quoting a former new york city cop that's making these allegations that "news of the world" journalists tried to hack into the mailboxes and voice mails of victims of 9/11. now, this former cop says he was contacted by "news of the world" journalists who said they would pay him to retrieve these phone records right the way through and to 9/11, calls to the relatives, to give them the ability to see exactly who the victims were talking to up until 9/11. this former new york city cop is now a private investigator and he is saying, according to "the daily mirror" report, t
. >>> the british government looks to back calls from rupert murdoch to drop his bid for bskyb as phone hacking allegations surrounding his uk newspapers continue to chip away at the value of his entire media empire. >>> china's building boom shows no signs of slowing down much to the dismay of this man who calls this makeshift building his home. [ female announcer ] now you can apply sunblock to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. [ding] announcer: clean kitchen surfaces, utensils, and hands with soapy water. one in 6 americans will get sick from food poisoning this year. keep your family safer. check your steps at foodsafety.gov. >>> welcome back. live from rome and hong kong, you're watching "world business today" on cnn. >>> for media tycoon rupert murdoch, the sky may indeed be the limit. we're talking about british sky broadcasting. a downing street source tells c flfrnlthsn the british government will back
been set. >>> rupert murdoch is back in the united states. he and his wife returned to their new york home yesterday. there is a lot on rupert murdoch's plate. news corp. is facing an fbi investigation and at least two u.s. based lawsuits filed by shareholders. also a possible standard & poor's downgrade. >> developing cnn learning at least 22 deaths blamed on the stifling heat gripping the nation. right now more than 140 million people in at least 30 states are under advisories or warnings dealing with near triple-digit temperatures. expected to stay in place through joust the weekend. >>> terrorists may be targeting private u tilts in the united states. department of homeland security putting state and local law enforcement on alert for potential threats. while there is no specific credible intelligence, officials say, quote, several recent incidents highlight the ongoing threat to private sector utility facilities. >>> some 22 thousand state workers in minnesota are back on the job this morning. they had been out of work since july 1 because of a government shutdown in that state.
. rupert murdoch arrived in london meeting with the chief executive of his newspaper division, rebekah brooks, headed up "news of the world" and murdoch is publicly backing her, insisting she didn't know what was happening. the final edition of the paper was published yesterday. 5 million copies were printed, that's nearly twice the usual run. the paper also issued a full page apology. dan rivers is live in london this morning with more on this. a lot of people wanted to get their hands on that final edition. >> yeah. it's ironic, isn't it? a paper that has been the subject of such revulsion here, and public outcry, when they announced they were putting out that final edition they had to double the print run, such was the demand. i suppose many think of it going to be a piece of history, really. it's been going for 168 years. it is an institution here. now news perhaps victims of 9/11 could also have been targeted by the illegal practices of the "news of the world," hacking into their phones. this has not been confirmed by cnn. this is coming from a newspaper here, a rival tabloid, "th
" continues right now. >>> i'm kiran chetry. rupert murdoch's media empire under fire. his reporters how accused of illegally invading the privacy of britain's former prime minister as this hacking scandal widens. we're live from london ahead. >> i'm ali velshi. much of the country literally feeling the heat and relief from the summer scotcher may be days away on this "american morning." >>> and good morning to you. thanks so much for being with us on this "american morning." it's tuesday, july 12th. christine has the morning off. >> we've got a lot of news this morning, including some breaking news out of afghanistan. >> that's right. we begin there where afghan president hamid karzai's half brother was found shot to death at his home. ahmed wali karzai was the provenÇal council chief of kandahar. he suffered gunshot wounds to his head and chest according to hospital officials. a spokesman for kandahar's government said a guard killed karzai. the taliban says -- >> we've seen the worst so far. excessive heat warnings and advisories posted in 23 states. the heat in many areas could reac
rupert murdoch arrived in london today in a bid to limit damage to the rest of his media empire. >>> and the shuttle "atlantis" arrives at the international space station one last time a short time ago. the astronauts were welcomed aboard by the station's current crew. they have brought along a year's worth of supplies, and it's going to take them about a week to unload all of it. >>> join me for more news at the top of the hour. back to "fareed zakaria: gps" in a moment. >> okay. put your thinking caps on far moment. which continent has six of the world's ten fastest growing economies? which continent is projected to have the world's third largest city by population in just a few years? which continue nen has the world's newest nation? if you picked asia, that's wrong. one more question might help you get the answer. which continent has seven of the top ten failed states in the world? the continent, of course, is africa. that's what i want to talk to my two terrific guests about. nicholas kristof and peter godwin, african-born author and reporter. both are just back from africa
. together those five brands bring in an estimated $3.2 million for the rupert murdoch owned newspaper. pretty significant business on the line. all of this comes as murdoch's own news corporation aims to take over british sky broadcasting. discussions on that have been going on for months. there's also been widespread opposition to that planned takeover. and just yesterday reacting to fresh allegations, the former deputy prime minister lord prescott began calling for the takeover to be blocked. john prescott himself is one of many politicians to have his phone hacked alongside numerous celebrities, stars and aides to the british royal family. as dan rivers reports, even though phone hacking revelations are nothing new, it dates back further than many realized. >> the murder of the 13-year-old schoolgirl milly doward in 2002 appalled britain. last month her killer, lev levi belfield was finally convicted. this is now come up with another inquiry, phone hacking. the scandal relates to the illegal tabloid practice of accessing cell phone messages left for celebrities in order to get stor
. late night comedians are not about to let the rupert murdoch pie-throwing contest fade into memory. >> i was horrified. he is 80 -- he can't digest pie! the instant murdoch was hit with the pie, news corp. stock spiked, regaining $395 million in market value in five minutes. this is brilliant! he needs to be hit with more pies! perhaps a scalding mincemeat or savory steak and kidney or snout and pancreas. >> what about england's second most powerful man -- david cameron -- who -- whose hiring of andy coulson as press secretary despite his rencently resigned after the first count of allegeds. >> how can he smell a rat when he has one in his midst? >> that was awesome! that's your c-span? i imagine the prime minister never had a chance. >> i've asked this question once already. i can set the answer to music if you like. just once in a while it would be nice to hear a little bat squeak of responsibility from the party opposite. i don't recall every single conversation i had. and you would be mad to try and pretend that you do. >> england is awesome! >> certainly was fun to watch some
allegations against rupert murdoch's media empire. claiming the tabloid "the sun" improperly obtained information years ago about gordon brown's seriously ill son and published a story about him. brown says he's shocked by the allegations and the matter is in police hands. >>> this comes a day after the "news of the world" another murdoch tabloid sold its last issue. shut down amid accusations its reporters illegally listened to voice mails of terrorist victims, politicians and celebrities. >>> and anderson, happier news tied to a british power couple. victoria and david beckham are the proud new parents of a girl names harper seven. a close friend of theirs told us this seven was picked because it's a lucky number and the baby was born just after 7:00 a.m. on the seventh month. they say seven was also dad easi's jersey number when he played socker. >> i like it. >> i don't know if i want to be named after my dad's jersey. >> who am i to talk about names. i have the name of a 18th century law firm. >> dignified, it matches the grey hair. >> well i had nothing to do with it. >>> time f
higher ahead of the held in an hour. strong numbers on china pushing world markets higher. rupert murdoch's media empire take ago hit after the phone hacking scandal at "news of the world." the company include the fox television network and the "the wall street journal" here at home. >>> netflix is hiking prices by 60% who want to keep the mail and the streaming options. the company focuses on its streaming business and way from its dvd mailings. >>> coming up next, reports that the cia may be operating on a secret base in somalia. our question of the day. e-mail us, give us a tweet, tell (screams) when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russell. visit russelletfs.com r a prospectus, containing the investment objectives, risks, charges, expenses and other information. read and consider it carefully before investing. is it the new forty, i don't know. i probably feel about thirty. how is it that we don't act our age? [ marcie ] you keep us young. [ kurt ] we were having too much fun we weren't thinking about a will at that t
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